Business Overview

Location #1:

Well Established Dry Cleaner.
The C&N Cleaners Location with all Dry Cleaning equipment, cash register touch screen system and all furniture included in asking price.

The C&N Location next to Grocery Store, Dollar Tree, Subway, Little Ceasers and more retail shops in the shopping center. This location has great corner visibility from
HWY 278. This location has great neighborhoods and major retail close to the store.

Location #2:
The Coles Cleaners well established Dry Cleaner location with Pick up and Drop off only. This location on HWY 278. Great visibility with retails and restaurants nearby.

Business Only Sale!

Price: $240,000 for both locations

**Photo not of business, generic photo used**

Financial

  • Asking Price: $240,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals choose to sell operating businesses. However, the genuine factor and the one they say to you may be 2 totally different things. As an example, they may say "I have too many various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these might simply be reasons to try to conceal the reality of changing demographics, increased competitors, current decrease in revenues, or a range of other factors. This is why it is extremely essential that you not rely absolutely on a vendor's word, yet instead, utilize the seller's response in conjunction with your general due diligence. This will paint an extra practical picture of the business's present circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies finance loans in order to cover items such as stock, payroll, accounts payable, so on and so forth. Remember that sometimes this can mean that earnings margins are too small. Many businesses fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that must be satisfied or might lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area attract new consumers? Many times, companies have repeat consumers, which develop the core of their daily profits. Specific aspects such as new competitors growing up around the area, road building, and personnel turnover can affect repeat consumers and adversely influence future revenues. One crucial point to consider is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business regularly, the greater the chance to develop a returning client base. A last idea is the basic area demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? How might the regional mean household income effect future revenue potential?